GRAVITON AMPLITUDES, EFFECTIVE ACTION AND STRING GENERATING FUNCTIONAL ON THE DISC
We discuss some issues related to computation and renormalization of closed string amplitudes and effective action on the disc. The general expression for the O (ln ε) term in the string theory and effective field theory generating functionals for the S matrix is found. It is emphasized that in order to establish the correspondence between the string theory and the effective field theory it is necessary to compare the total coefficients of all (“local” plus “modular” and “N-dependent” plus “N-independent”) infinities present in the amplitudes. The regularized expression for the N=3 graviton amplitude on the disc is explicitly computed and it is suggested that a proper regularization is a key to a resolution of a paradox discussed previously in the literature.